Fundamentals of Trusts

Description

Learn the fundamental concepts regarding the creation and administration of trusts, concepts which prove essential in understanding trust documents and preparing the relevant tax returns. This comprehensive course demonstrates numerous basic trust concepts and provides a basic understanding of the outline of any legitimate trust document.

Topics Discussed:

Learn Why a Trust is Created and its Benefits

Learn the Way Trust Provisions are Written and the Effect on Parties and Income Tax

Identify the Parties of the Trust and Learn the Respective Duties

Identify How to Select a Trustee and the Tax Considerations Available to be Made

Identify Whether a Trust is a Simple, Complex or Grantor Trust for Tax Purposes

Learn How to Select the Governing Jurisdiction for Tax Purposes

Case studies-Trust Agreement(s)

Learning Objectives:From this course, you will understand why a trust may prove beneficial and why the implementation thereof may be considered for estate planning purposes, how to read and understand a trust’s provisions, selection and responsibilities of the various parties, and the best type of trust to use in order to achieve certain estate and income tax objectives.